| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 36th | Good |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1055 Helm Ave, Clovis, CA, 93612, US |
| Region / Metro | Clovis |
| Year of Construction | 1973 |
| Units | 26 |
| Transaction Date | 2013-09-10 |
| Transaction Price | $1,380,000 |
| Buyer | HUSSAIAO DAVID H |
| Seller | ALDER RIVER LLC |
1055 Helm Ave Clovis Multifamily Investment
This 26-unit property built in 1973 operates in a neighborhood with 100% occupancy and strong rental demand, according to CRE market data from WDSuite.
The neighborhood demonstrates exceptional rental market fundamentals with 100% occupancy and ranks 1st among 246 metro neighborhoods for occupancy performance. Renter-occupied units comprise 85.1% of housing stock, ranking 2nd metro-wide and 99th percentile nationally, indicating strong tenant demand dynamics.
Demographics within a 3-mile radius show a median household income of $74,198 with 53.6% of housing units renter-occupied. Population growth of 5.5% over five years supports expanding renter pools, while forecast data projects household growth of 36.5% through 2028, suggesting sustained multifamily demand.
The 1973 construction year aligns with neighborhood averages and presents potential value-add opportunities through strategic capital improvements. Median contract rents of $1,236 rank 65th among metro neighborhoods, while home values at $137,196 remain below regional norms, sustaining rental demand as ownership costs limit accessibility to homebuying.
Amenity access includes strong cafe density ranking 19th metro-wide, though grocery and childcare options are limited. The neighborhood maintains a B+ overall rating with competitive restaurant density supporting tenant appeal.
The neighborhood demonstrates strong safety metrics with violent crime rates ranking 4th lowest among 246 metro neighborhoods and 92nd percentile nationally. Property crime rates also perform well, ranking 21st metro-wide and 90th percentile compared to neighborhoods nationwide.
Recent crime trends show significant improvement, with violent offenses declining 65.2% year-over-year and property crimes dropping 67.2%. These reductions position the area above metro averages for safety performance, supporting tenant retention and lease-up velocity.
The employment base includes regional corporate operations within commuting distance, providing workforce housing opportunities for area professionals.
- Con Agra Foods — food processing and corporate offices (28.5 miles)
This 26-unit property built in 1973 operates in a neighborhood with exceptional occupancy fundamentals, ranking 1st among 246 metro neighborhoods with 100% occupancy rates. The 85.1% renter-occupied housing stock ranks 99th percentile nationally, demonstrating sustained rental demand dynamics that support stable cash flows.
Demographics within a 3-mile radius project household growth of 36.5% through 2028, expanding the tenant base while median rents of $1,236 provide competitive positioning. The 1973 vintage presents value-add potential through strategic improvements, while strong safety metrics ranking 92nd percentile nationally support tenant retention.
- Exceptional occupancy at 100% ranks 1st among 246 metro neighborhoods
- Strong rental demand with 85.1% renter-occupied housing stock
- Projected household growth of 36.5% through 2028 supports tenant base expansion
- Value-add potential through strategic improvements to 1973 vintage property
- Limited employer base within commuting distance may constrain tenant pool diversity